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Economy

Japan to aid a million members of 'lost generation' with hiring subsidies

Rare step aims to help ease estrangement from society and boost consumption

Graduates line up at a job fair in Tokyo in 2000. Many in the so-called "lost generation" struggled to find jobs due to the collapse of Japan's bubble economy.   © Kyodo

TOKYO -- The Japanese government will provide support for the employment of members of the so-called "lost generation," who graduated from high school or university into a serious job crunch after the collapse of the bubble economy in the early 1990s. The government plans to draw up support measures later this month, a government source told Nikkei.

It is a rare measure to throw a lifeline to people in their mid-30s to early 40s because they fell into a difficult labor situation compared to other generations due to harsh economic conditions both at home and overseas.

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